If you are recently married or divorced you could quickly learn the importance of your name when you try to file your tax return. If you changed your name, you need to take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration. A mismatch [...]

Taxpayers who have changed or are about to change a home or business address should update that information with IRS to ensure they receive any refunds or correspondence. (IRS Tax Tip 2011-37) A taxpayer can change an address on file with IRS in several ways: by writing the new address in the appropriate boxes on [...]

Press Release — March 2, 2011 — When trying to cut costs during these hard economic times, it is unlikely that your child care expenses can be reduced. Luckily there is the credit for child and dependent care expenses offered on your individual tax return. The credit can be up to 35 percent of your [...]

Its the very first step in filing you tax return: determine your filing status. Are you Single, Married Filing Jointly, Married Filing Separately, Head of Household or Qualifying Widow(er) with Dependent Child. Your filing status determines your filing requirements, standard deduction, eligibility for certain credits and deductions, and your correct tax. Here are eight facts [...]

Children make their parents laugh. Children can drive their parents a little crazy. But did you know that children can help their parents qualify for some tax benefits? They can! Here are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year. Dependents – In most cases, a child [...]

Since recent real estate prices have dropped, many people have purchased new property to use as rental property. As you can guess, there are many tax rules that are applied to income made off of rental property. Below is a list of rules and tips to help make sure your rental income is allocated correctly [...]

Have you ever worked for tips? Or has anyone close to you ever worked for tips? If so, you’ve probably heard the biggest myth of them all, “Oh, tips are under the table! You don’t have to report them!” Let me sum this up in one word: WRONG! Here are four tips about tip income [...]

Did you know that there are two federal tax credits available to help you offset the costs of higher education for yourself or your dependents? Yes!  There is the American Opportunity Credit and the Lifetime Learning Credit. You must pay postsecondary tuition and fees for yourself, your spouse or your dependent to be able to [...]

We’ve updated our downloads page with this year’s tax organizers and client information forms. We welcome everyone to use these forms to help you do the early steps in gathering your information for your 2010 Income Tax return. 2010 Tax Client Information   (PDF) New Clients are always asked to fill out this form upon coming [...]

If you opt to have your tax return prepared professionally, you will want to choose your tax preparer with care. Did you know that taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone else? Yes, much like your health is your own even when you go to [...]